MGM Resorts International, the Las Vegas-based global gaming and entertainment giant, today reported financial results for the first quarter of 2023. The company generated $3.9 billion in net revenues by March 31, 2023, which is a 36% increase in comparison to the same period last year. Other results, such as the $467 million net income over the last year’s loss of $ 18 million, are more than promising for the operator.
According to the company’s web page, Bill Hornbuckle, Chief Executive Officer, and President of MGM Resorts commented: “MGM Resorts is executing across all of its geographies and channels with record first quarter Las Vegas Strip Adjusted Property EBITDAR, consistently strong Regional Operations profit, MGM China’s swift return to profitability, and BetMGM’s anticipated positive earnings later this year.”
According to the company’s web page, Bill Hornbuckle, Chief Executive Officer, and President of MGM Resorts commented: “MGM Resorts is executing across all of its geographies and channels with record first quarter Las Vegas Strip Adjusted Property EBITDAR, consistently strong Regional Operations profit, MGM China’s swift return to profitability, and BetMGM’s anticipated positive earnings later this year.”
